English Translation
September 4, 2024
For Immediate Release
Real Estate Investment Trust Securities Issuer
2-3-4 Uchikanda, Chiyoda-ku, Tokyo
SANKEI REAL ESTATE Inc.
Representative: Yuichi Ota, Executive Director(TSE code: 2972)
Asset Management Company
Sankei Building Asset Management Co., Ltd.
Representative: Yuichi Ota
President and Chief Executive Officer
Contact:
Akio Watanabe
General Manager of Finance & IR Department
TEL: +81-3-5542-1316

Notice Concerning Borrowing of Funds (Refinancing)
SANKEI REAL ESTATE Inc. (“SANKEI REAL ESTATE”) hereby announces its decision made today for partial refinancing
of its existing loans (hereinafter, the “Refinancing”) as follows.
1. Details of the Refinancing
Long-term loan (Note 1)i
Lenders
ii
iii
iv
v

Borrowing amountInterest rate
Scheduled borrowing
date
Borrowing method

vivii
viii

Maturity date
Repayment method
Interest payment due
dateixSecurity

Loan syndicate with Mizuho Bank, Ltd. and Sumitomo Mitsui Banking
Corporation as the arrangers
4,300 million yen
To be determined (fixed interest rate) (Note 2)
September 12, 2024 (Note 3)
Conclusion of individual loan agreement on September 10, 2024 (scheduled)with the lenders shown above
September 12, 2029 (Note 3) (Note 4)
Lump-sum repayment at maturity (Note 5)
The first interest payment due date shall be December 12, 2024, followed by
the 12th of every March, June, September and December thereafter, and thematurity date (Note 4)
Unsecured and non-guaranteed (Note 6)(Note 1) “Long-term loan” refers to borrowing for a period from the scheduled borrowing date to the maturity date of more than one year.
(Note 2) Interest rate will be announced upon the determination.
(Note 3) “Scheduled borrowing date” and “Maturity date” are the scheduled dates as of September 4, 2024, and may be changed before thefinal execution date of borrowing.
(Note 4) If the relevant date is not a business day, then it shall be the next business day, but if that next business day falls into the next calendar
month, then it shall be the business day preceding the relevant date.
(Note 5) During the period from the abovementioned borrowing date to the maturity date, SANKEI REAL ESTATE may make early repaymentof loans, in whole or in part, if SANKEI REAL ESTATE gives prior written notice and other certain terms and conditions are met.
(Note 6) SANKEI REAL ESTATE concluded a basic agreement on the borrowing of funds on March 7, 2019, and will conclude an individual loan
agreement with the lenders shown above based on the basic agreement (including subsequent changes, etc.). In such individual loan
agreement, provision of collateral is not assumed at the time of borrowing, but financial restrictions such as maintaining certain
figures of financial indicators based on assets and liabilities will be set.

"This notice is the English translation of the original Japanese document and is provided solely for information purposes.
There is no assurance as to the accuracy and/or the completeness of the English translation. In the event of any discrepancy between thistranslation and the Japanese original, the latter shall prevail."

12. Reason and Target of the Refinancing(1) Reason for the Refinancing
To repay 4,300 million yen of the following loan due for repayment on September 12, 2024.
(2) Target of the Refinancing
Long-term loaniLenders
Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, Development Bankof Japan Inc., Mizuho Trust & Banking Co., Ltd., Sumitomo Mitsui Trust Bank,Limited., SBI Shinsei Bank, Limited and Resona Bank, Limited.
ii
Borrowing amount
4,300 million yen
iiiInterest rate
0.32923%iv
Borrowing date
March 12, 2020v
Borrowing method
Conclusion of individual loan agreement on March 9, 2020, with the lenders
shown abovevi
Maturity date
September 12, 2024
vii
Repayment method Lump-sum repayment at maturity
viii Interest payment
The first interest payment due date shall be June 12, 2020, followed by the 12th
due dateof every September, December, March and June thereafter, and the maturity
dateixSecurity
Unsecured and non-guaranteed(Note) For details of the above this Refinancing, please refer to “Notice Concerning Borrowing of Funds (Refinancing)” dated February 28, 2020.

3. Status of Loans, etc. after the Refinancing

Short-term loans (Note)
Long-term loans (Note)
Repayment due within one year
Total loans
Investment corporation bonds
Total loans and investment
corporation bonds

Before the Refinancing－50,200
15,30050,200－
50,200After the Refinancing－50,200
11,00050,200－50,200(Unit: million yen)
Increase (Decrease)－－(4,300)－－－(Note) “Short-term loan” refers to borrowing for a period from the borrowing date to the maturity date of one year or less. “Long-term loan”
refers to borrowing for a period from the borrowing date to the maturity date of more than one year.

4. OtherConcerning the risks associated with the Refinancing, there is no significant change from the content of “Part
1. Fund Information; Section 1. Status of Fund; (3) Investment Risks” in the annual securities report submitted
on May 29, 2024.
* SANKEI REAL ESTATE Inc. website: https://www.s-reit.co.jp/en/"This notice is the English translation of the original Japanese document and is provided solely for information purposes.
There is no assurance as to the accuracy and/or the completeness of the English translation. In the event of any discrepancy between thistranslation and the Japanese original, the latter shall prevail."2